Get salary range

Calculate the salary range to be reported in the final appraisal. This is used as an internal function in predict_salary but can be used on it's own. See Appraisal Process Vignette for detailed information on how this range is calculated.

Usage

get_salary_range(samp, point.value)

Arguments

samp

output from select_sample()

point.value

weighted average salary range from samp using 1 - total.dist as weights

Value

A list with

1. suggested.range: vector of minimum and maximum suggested salary range

2. samp: the input data frame samp with two new columns. residual.percent is the residual of that observation as a percent of the expected salary. fitted.values weighted average of all CEO compensation multiplied by (1+residual.percent)